All week we’ve been talking about the below chart, which compares Spain to Germany.
After getting killed throughout the year, it’s on a big 5 day rally.
Our interpretation: This represents cash leaving Germany and entering Spain in the form of a bailout.
And that’s the buzz today! A German-led bailout of Spanish banks. It actually be happening.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.